Party Poker Bonus Reviewed!

[PartyScout]

Ok so im a bit sick of PP changes the rates and everything so this is like a bit of a moan amongst regulars and VIPs.

This info is correct as of 09:15 ET(system clock)

RELOAD15F:Up to $100.....basically you deposit $700 they give you $100 free into your account after you rake 8x the bonus amount=800 party points.

uh huh...thats what they like you to think...

*Each $100 you deposit onto Party costs £50.80p(at the time stated above) so $700 required to get the $100 free costs £355.56p

*Ok we rake the required amount of hands now we want to make a cashout...Each time you cashout there is a mandortory fee off $2.50c other than that we get £47.80p for each $100 we cash out plus we have to pay a $2.50c charge..

*So basically is it worth it?Well yes it's technically still free money and you still get money but we probally only get around 40% of the $100 (my maths %s is not that great other than poker cant be arsed to work this out)

*Summary:We deposit $700 to get $100 free.Each $100 we cashout there is a £3 diffrence in the rate of purchase and deposit. $100=£50.80p Deposited/$100=£47.80p CashedOut +$2.50c fee per each Cashout.

So the free $100 which at this given time at Party ever so good exchange rates is £47.80p -£1.19p($2.50c cashout fee per each transaction cashed out)

So we end up with £25.61p out of the origanal Bouns offer of $100/£47.80p


Thanks alot to party for offering such a good gift it always makes me feel like a VIP when i hear about such good offers [img]/images/graemlins/grin.gif[/img]

(Sorry for all this people im just a bit sick of how now the americans left us we are getting more and more screwed as the days go on over at party poker)

GL at the tables

PartyScout

[1968]

LOL.. I've been grinding like hell to clear this stupid 800 point bonus- left 4 days to do it.. So far im up to like $600 rake or something..

btw- Isn't it easier to keep all your online money in US dollars?..

[PartyScout]

[ QUOTE ]
LOL.. I've been grinding like hell to clear this stupid 800 point bonus- left 4 days to do it.. So far im up to like $600 rake or something..

btw- Isn't it easier to keep all your online money in US dollars?..

[/ QUOTE ]

I was just talking in general to an audience..i only cash once a month but this is not the point [img]/images/graemlins/mad.gif[/img]

[Schaakie]

Stop playing at partypoker and move to a decent site

[1968]

[ QUOTE ]
Stop playing at partypoker and move to a decent site

[/ QUOTE ]
Im still convinced its worth dealing with party's [censored] just for the player that play there.

[Schaakie]

Have you played at other sites? I've moved to another site recently and I don't see much difference, other than there are less german multitabling shortstackers. I think the softness of partypoker compared to the other sites is very exaggerated.

[PartyScout]

[ QUOTE ]
Have you played at other sites? I've moved to another site recently and I don't see much difference, other than there are less german multitabling shortstackers. I think the softness of partypoker compared to the other sites is very exaggerated.

[/ QUOTE ]

Trust me it's not...

I played 30k hands at PP 7.2PTBB/100

I played 30k hands at FT 4.5PTBB/100

I currently am playing PP$200nl6max over my last 20khands im running at over 13PTBB/100

The site is still very profitable without bonuses if your a good winning player...

This was not the point of this post/the point is to show how bad there offers are and how dissapointed i am as a loyal party player [img]/images/graemlins/mad.gif[/img]

[Schaakie]

Well I run worse at PP than at PS, but these small sample sizes dont really say anything

[Wires]

My 2 cents.

At the beginning to June I lost my rakeback at Party so I made the decision to move to Full Tilt. I play 100NL 6 max. In the daytime hours there is no comparison. Party is far better than FT. Because of the lack of Americans and the time zone difference with the Europeans you can find great games at 10 in the morning EST.

In the evening (EST) Party isn't all that great. There are a lot of regulars at 100NL and the table averages take a large dip with it being too late for many of the casual European players. And after 11 PM on a weeknight? Forget it. I'm not saying that the games can't be good at night but they are not nearly as good as the daytime games.

Full Tilt is the opposite with games being tighter during the day with great games in the evening.

I played a Party pretty much exclusively for the last 2 years and never had to make a deposit other than to take advantage of the occasional deposit bonus. I withdrew all of my funds at the beginning of June and only yesterday made a deposit to take advantage of the deposit bonus. Maybe I've been living under a rock but I was shocked at the profit they were making off of these transactions. I sent the following letter to Party:

__________________________________________________ ____


To whom it may concern,


With the exception of the last month I have been a regular player at your site. Today I saw that it was the last day to take advantage of a bonus offer so I decided I would start playing again. I made a deposit of $700 Canadian to your site and after the exchange my account was credited with $643 US. I was surprised by the terrible exchange rate so I went to your Cash Out page to see what my account would be credited if I withdrew my funds immediately. I was shocked to see I would receive only $656 Canadian. That is $46 in fees for a simple deposit. I'm down $46 and I HAVEN'T EVEN PLAYED A HAND. I addition to giving yourselves a very profitable exchange rate you have the nerve to charge an additional $2.50 fee on the withdrawal. This is shameful.

In the current climate where it is much more difficult to move money in and out of poker sites you should be making every effort to make this process as easy as possible Unfortunately you have opted to make an obscene profit off of these transactions. My intentions are as follows. I am a member of several poker forums and I plan to be very vocal on this matter. I will also discourage other poker players from playing on your site. I will continue to play until I clear this bonus in order to recoup some of the costs of this deposit however this will be the LAST time I play at your site.

Your profit should come from raking pots, not shamefully stealing money from players on transactions. To charge $46 in fees on a $700 deposit is grotesque and greedy. I would hope that this letter makes it beyond the computer screen of some first level customer support representative and into the hands of someone who has the common sense to effect some change in regards to these practices.

Sincerely,

XXX

__________________________________________________ ____

I don't expect this letter to make a shred of difference but I was so frustrated that I felt I needed to say something. I also do not believe that it is worth staying at Party because they games are so profitable it outweighs their dickish behaviour. There are plenty of great games on the net. About a billion players are logged on to Stars at any given time and about half of that on FT. It's not like all these players are sharks who are killing the game. Party was my home for several years but there is no way I can stick around with these ludicrous exchange rates. It's a slap in the fact to their players.

[PartyScout]

Very nice email "Wires" I thought i was good at emailing support very nice mail sir indeed.

Did you ever hear back or get any type of reply please "Wires"?

Im thinking of using this post after we get alot of feedback from members like ourselves to link the appropriate person at Party to show them the feelings of players or ex-players of there site.

We need to fight for a better deal [img]/images/graemlins/tongue.gif[/img]